ADIA arm to offload 2.3% Lenskart stake in Rs 1,944-crore block deal at Rs 486 floor

Platinum Jasmine Trust, an ADIA-backed vehicle, plans to sell ~4 crore Lenskart shares worth Rs 1,944 crore ($204M) at Rs 486 floor — a 2.8% discount. The move trails SoftBank's Rs 2,873-crore exit last week. IIFL Capital is sole placement agent; remaining holdings face a 90-day lock-up.

— Source publishedWed, 10 Jun, 2026, 23:22 IST·First seen Thu, 11 Jun, 2026, 00:02 IST·Source NDTV Profit

What happened

ADIA-backed Platinum Jasmine Trust plans to sell ~2.3% stake in Lenskart via block deal worth Rs 1,944 crore at Rs 486 floor, following SoftBank's Rs 2,873

Key facts

  • 4 crore shares
  • 2.3% stake
  • Rs 486 floor price
  • Rs 1,944 crore
  • $204 million
  • 2.8% discount
  • 90-day lock-up
  • Rs 2,873 crore prior SoftBank exit

Why this matters

ADIA following SoftBank's exit reshapes the cap table fast — watch for new long-only institutional anchors and any strategic stake accumulation in the float.